1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,799 Speaker 3: Stocks on the move. Let's go to Lis Matteo. What 5 00:00:18,840 --> 00:00:19,599 Speaker 3: do you got for us today? 6 00:00:19,760 --> 00:00:22,080 Speaker 4: I gotta start with the video, right, take your MVDA there, 7 00:00:22,160 --> 00:00:24,520 Speaker 4: shares has been out more than four percent. Yeah, now 8 00:00:24,520 --> 00:00:27,760 Speaker 4: the world's first five trillion dollar public company. It has 9 00:00:27,800 --> 00:00:30,080 Speaker 4: to do with their Blackwell chips a big portion of it. 10 00:00:30,280 --> 00:00:32,240 Speaker 4: If you remember, like there were months ago, President Trump 11 00:00:32,280 --> 00:00:35,199 Speaker 4: said he'd consider allowing the company to export the downgraded 12 00:00:35,280 --> 00:00:38,360 Speaker 4: version of them to China. Well, now this is just 13 00:00:38,400 --> 00:00:40,960 Speaker 4: ahead of that meeting he has with Jijinping. He says, quote, 14 00:00:41,000 --> 00:00:44,479 Speaker 4: we'll be speaking about blackwells. So it hinted there. And 15 00:00:44,560 --> 00:00:47,360 Speaker 4: Video also has that GtC event in DC. It announced 16 00:00:47,360 --> 00:00:49,879 Speaker 4: a few things, like a number of new partnerships with 17 00:00:49,960 --> 00:00:53,760 Speaker 4: companies like Uber, Palenteer, crowd Strike. It said it's taking 18 00:00:53,800 --> 00:00:56,800 Speaker 4: a one billion dollar equity stake in Nokia, and CEO 19 00:00:56,840 --> 00:00:59,400 Speaker 4: Jensen Mung he actually said something interesting. He said, there's 20 00:00:59,440 --> 00:01:03,080 Speaker 4: no AI. He's not concerned about it because they're AI models. 21 00:01:03,080 --> 00:01:05,479 Speaker 4: They're powerful enough that customers are. 22 00:01:05,360 --> 00:01:07,319 Speaker 3: Going to pay for them, he says it. 23 00:01:07,680 --> 00:01:10,640 Speaker 1: Yeah, of course, let's listen to the godfather of AI. 24 00:01:10,680 --> 00:01:15,040 Speaker 1: As you know, Dani's always says exactly, let's talk about 25 00:01:15,080 --> 00:01:18,280 Speaker 1: fire Serve. Just looking at the volume six thousand percent 26 00:01:18,440 --> 00:01:21,760 Speaker 1: above what it usually trades at this time of the day. 27 00:01:21,880 --> 00:01:24,160 Speaker 4: Yeah, it's crazy. I mean they tumbled more than forty 28 00:01:24,160 --> 00:01:28,399 Speaker 4: five percent this morning. And so it's findech company Pfizer. Yeah, 29 00:01:28,480 --> 00:01:32,440 Speaker 4: so payment processing, think digital banking solutions. They slash their 30 00:01:32,440 --> 00:01:35,119 Speaker 4: out for the full year three percent decline in revenue, 31 00:01:35,120 --> 00:01:38,759 Speaker 4: and it's financial solutions segment. It's CEO Mike Lyons even 32 00:01:38,800 --> 00:01:41,080 Speaker 4: says he knows the performance is not where they want 33 00:01:41,080 --> 00:01:43,280 Speaker 4: it to be and not where the stakeholders expected to be, 34 00:01:43,560 --> 00:01:45,440 Speaker 4: and they kind of shook things up. They said, it's 35 00:01:45,480 --> 00:01:49,160 Speaker 4: overhauling their top leadership committee. So they're promoting their chief 36 00:01:49,200 --> 00:01:52,080 Speaker 4: operating officer to be co president. They announced a few 37 00:01:52,760 --> 00:01:55,120 Speaker 4: board changes as well, a few board editions, and the 38 00:01:55,160 --> 00:01:57,600 Speaker 4: stacks phoned like thirty nine percent this year through tuesday. 39 00:01:58,320 --> 00:02:00,080 Speaker 3: Wow, that's brutal. So I'm just looking at it like 40 00:02:00,120 --> 00:02:05,280 Speaker 3: a comp here so far that stuck hitting a fifty 41 00:02:05,320 --> 00:02:09,200 Speaker 3: two week high earlier today, So just tail two yep. 42 00:02:09,080 --> 00:02:11,320 Speaker 4: All right, one more, all right, I gotta hit. Caterpillar 43 00:02:11,360 --> 00:02:15,160 Speaker 4: CEAT up more than ten percent higher third quarter revenue. 44 00:02:15,280 --> 00:02:17,080 Speaker 4: The interesting thing is that it really got a boost 45 00:02:17,120 --> 00:02:20,400 Speaker 4: from its energy and transportation business, more so than the 46 00:02:20,440 --> 00:02:23,079 Speaker 4: business that makes the heavy duty equipment for construction and mining. 47 00:02:23,440 --> 00:02:25,760 Speaker 4: And that's because of rising demand for equipment that's needed 48 00:02:25,800 --> 00:02:29,480 Speaker 4: to fuel AI data centers. So that division their energy 49 00:02:29,520 --> 00:02:34,200 Speaker 4: and transportation. They provide battery sorce backup generators for industries. 50 00:02:34,320 --> 00:02:37,639 Speaker 4: It's been Caterpillar's fastest growing segment, so keep an eye 51 00:02:37,680 --> 00:02:39,760 Speaker 4: on it. As far as tariffs, they did say they 52 00:02:39,800 --> 00:02:41,960 Speaker 4: expect a record six hundred and fifty million to eight 53 00:02:42,000 --> 00:02:45,160 Speaker 4: hundred million dollars in twer costs in the fourth quarter. 54 00:02:45,600 --> 00:02:47,000 Speaker 1: And I feel like we need to give a shout 55 00:02:47,000 --> 00:02:49,320 Speaker 1: out to Bloomberg News which talked about this about how 56 00:02:49,360 --> 00:02:51,040 Speaker 1: a Caterpillar is going to get a big boost from 57 00:02:51,080 --> 00:02:54,519 Speaker 1: this AI tailwind, and it was maybe another way to 58 00:02:54,520 --> 00:02:57,040 Speaker 1: play the AI story, a less obvious way. 59 00:02:57,160 --> 00:02:57,400 Speaker 2: Yeah. 60 00:02:57,440 --> 00:03:00,239 Speaker 3: I didn't even see that coming. I mean good, I 61 00:03:00,280 --> 00:03:02,240 Speaker 3: mean it seems like there's a lot of derivative plays 62 00:03:02,280 --> 00:03:04,400 Speaker 3: on AI these days. Leave Smithea thank you so much. 63 00:03:04,400 --> 00:03:07,239 Speaker 3: We appreciate that Smitteo does everything for Bloombergo. I'll just 64 00:03:07,320 --> 00:03:07,720 Speaker 3: leave it at that. 65 00:03:08,960 --> 00:03:13,000 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 66 00:03:13,080 --> 00:03:15,639 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:15,720 --> 00:03:18,840 Speaker 2: making news on Wall Street and for the latest market 68 00:03:18,840 --> 00:03:23,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:03:23,440 --> 00:03:26,920 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:03:27,000 --> 00:03:28,480 Speaker 2: the Bloomberg Business app.